GlobeNewswire by notified

Andel and Copenhagen Infrastructure Partners to form strategic partnership

Share

Andel and CIP will form a consortium to cooperate on two tenders for offshore wind farms in Denmark: Hesselø Offshore Wind Farm in Kattegat north of Zealand and Kriegers Flak II in the Baltic Sea

COPENHAGEN, Denmark, Sept. 15, 2023 (GLOBE NEWSWIRE) -- For Denmark to reach the national climate ambitions and lower the share of fossil fuels in the national energy supply, the green transition needs to be accelerated. This will only happen through an acceleration of renewable energy and only by speeding up the development and construction of offshore wind farms.

Earlier this year, a political agreement laid the foundation for the largest Danish build-out of offshore wind historically at 9GW. The partnership formed by Andel and CIP will play a central part in the build-out and delivering on the national ambitions with two of the country’s most notable companies working together on offshore wind farms placed attractively close to the Danish island of Zealand. The two parks will have a capacity to supply power to the equivalent of two million homes.

“The international climate and energy crisis is a threat to our energy supply, and it is of great importance that we support the build-out of renewable energy. We are very happy and proud to form this strong strategic partnership with CIP, a company with expertise within development, construction, and operation of offshore wind farms. In our investment program up to 2035, DKK 90 billion will be invested into growth and the green transition. Now, together with CIP we are ready, and it is our goal to win the tenders for Hesselø and Kriegers Flak II,” said Jesper Hjulmand, CEO of Andel.

The continuous build-out of offshore wind in Denmark serves not only a purpose of transitioning the power supply but will also be central to Denmark in keeping the global position as a global leader in renewables, while growing the economy, and creating jobs both during construction and operation.

“Hesselø and Kriegers Flak II are very important pieces of the puzzle that is the transition of the Danish energy system. It is of utmost importance that we keep the transition moving, and at Andel and CIP we are ready to do our part of the job. Andel has strong competences in operating electricity supply and trading energy in large volumes both financially and to consumers, so Andel is a partner that complements our competences very well. Our common ambition is to be an important driver in the realisation of the potential for even larger amounts of renewable energy generation in Danish waters,” said Jakob Baruël Poulsen, managing partner at CIP.

The Danish authorities have appointed attractive areas designated for construction of offshore wind farms in the Northsea, Kattegat, and the Baltic Sea through a screening process followed by pre-investigations of the sites. Hesselø Offshore Wind Farm is planned for completion by 2029 and Kriegers Flak II by 2030. The two parks will have a total minimum installed capacity of 1.8 GW.

About Andel
Andel is Denmark’s leading energy and fibre-optic group. We are also a cooperative society and a group with subsidiaries. The purpose of Andel is to create welfare and growth regionally and in society in general by providing vital infrastructure and future-proof energy solutions.

Andel has 2.8 million customers and is owned by 400.000 coop members. The company’s vision is taking responsibility for building a future for everyone and playing a leading role in the green transition. This will happen through an ambitious investment strategy with DKK 90 billion invested in electrical charging, transmission and customer-focused energy solutions. Andel has 2,300 employees. Annual revenue in 2022 was EUR ~50 billion. For more information, please visit www.andel.dk

About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focuses on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.

CIP manages ten funds and has to date raised approximately EUR 25 billion for investments in energy and associated infrastructure from more than 150 international institutional investors. CIP has approximately 400 employees and 12 offices around the world. For more information, visit www.cip.com

For further information, please contact:

Andel:
Morten Kidal, Head of Media Relations
Phone: +45 21703799
Email: mkl@andel.dk

Copenhagen Infrastructure Partners:
Oliver Routhe Skov, Head of Media Relations
Phone: +45 30541227
Email: orsk@cip.com

Thomas Kønig, Partner – Investor Relations
Phone: +45 7070 5151
Email: tkon@cip.com

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Successful completion of recruitment in NANORAD 2, a Phase 2 Clinical Trial of AGuIX® with whole brain radiation therapy in brain metastasis30.11.2023 18:23:37 CET | Press release

Successful completion of recruitment in NANORAD 2, a Phase 2 Clinical Trial of AGuIX® with whole brain radiation therapy in brain metastasis Recruitment led by Grenoble Alpes University Hospital, driven by strong clinical sites participation and investigator support Topline data expected in Q4 2024 Paris (France), November, 30th 2023 – NH TherAguix a Phase 2 biotech company developing AGuIX®, an innovative nanodrug to improve cancer treatment by radiotherapy, announces the completion of recruitment in its NANORAD 2 Phase 2 clinical trial, randomized, multi-center study assessing safety and efficacy of AGuIX® in combination with whole brain radiation therapy versus whole brain radiation therapy alone, in adult patients with multiple brain metastasis. NANORAD 21 is a prospective randomized (1:1) open label trial with a total of 100 patients recruited in 14 active centers coordinated by Dr Camille Verry (CHUGA, Grenoble-Alpes, France) as principal investigator. This trial combines the rad

Vantiva Confirms its Strong Commitment to Diversity, Equity and Inclusion30.11.2023 18:00:00 CET | Press release

Press release Vantiva Confirms its Strong Commitment to Diversity, Equity and Inclusion: the company joins the CEO Action for Diversity & Inclusion™ Initiative; Vantiva has reduced the gender pay gap to 1% as of October 2023. Paris – November 30, 2023 – Vantiva (Euronext Paris: VANTI - formerly known as Technicolor), a global technology leader providing innovative technologies to Network Service Providers (NSPs) that connect consumers around the world, today announced that Chief Executive Officer Luis Martinez-Amago has joined the CEO Action for Diversity & Inclusion™ program, alongside more than 2,400 other business leaders. Signatories of the collective have already shared more than 1,900+ best-known actions, exchanging tangible learning opportunities and creating collaborative conversations via the initiative’s unified hub, CEOAction.com. By participating in this initiative, Vantiva confirms its commitment to taking steps to provide a working environment that respects different view

BW Energy: Mandatory notifications of trade by primary insiders and close associates30.11.2023 17:30:00 CET | Press release

Mandatory notifications of trade by primary insiders and close associates Reference is made to the announcements on 16 November 2023 and 28 November 2023, whereby BW Offshore Limited announced information relating to dividend payments. Please see the attached notifications of trading for information of transactions concerning primary insiders in BW Energy Limited ("BW Energy") and their close associates in connection with the dividend distribution. Further, reference is also made to the announcement on 30 November 2023, whereby it was announced that BW Group Limited purchased 250,000 shares in BW Energy. Please see the attached notification of trading for information of the transaction concerning primary insiders in BW Energy and their close associates in connection with the share purchase of 250,000 shares. For further information, please contact: Knut R. Sæthre, CFO BW Energy +47 91 11 78 76 ir@bwenergy.no About BW Energy: BW Energy is a growth E&P company with a differentiated strat

International Petroleum Corporation Updated Share Capital30.11.2023 17:30:00 CET | Press release

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) reports the following, in accordance with the Swedish Financial Instruments Trading Act: Following the cancellation of 427,400 common shares repurchased by IPC under the normal course issuer bid / share repurchase program, the total number of issued and outstanding common shares of the Corporation is 128,224,820 common shares with voting rights as at November 30, 2023, and IPC holds no common shares in treasury. International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth. IPC is a member of the Lundin Group of Companies. IPC is incorporated in Canada and IPC’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm exchange under the symbol "IPCO". For further information, please contact: Reb

Notice of extraordinary general meeting in IDEX Biometrics on 21 December 202330.11.2023 17:30:00 CET | Press release

IDEX Biometrics ASA will hold an extraordinary general meeting on Thursday 21 December 2023 at 12.00 hours CET as an online meeting. There is no physical attendance option. Shareholders may attend online. by PC, smartphone or tablet. The notice with attendance form will be sent to the shareholders today and is also enclosed in pdf file (links to notice, bilingual, and attendance form, English and Norwegian, below). The extraordinary general meeting will consider and resolve Share consolidationIssuance of convertible loan (ref notice to the market on 7 November 2023)Renewal of the customary authorizations to the board to issue sharesAmendment of the 2023 subscription rights incentive plan The notice of the annual general meeting and the ancillary documents are/will be available at the company's web site, www.idexbiometrics.com, and can be requested from the company at no charge from ir@idexbiometrics.com . For further information contact: Marianne Bøe, Investor Relations E-mail: mariann